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I'm Amy Anderson and you are watching OptionRally TV. Take your position with OptionRally Brokers.
Click the link to my right and get more information on binary options with OptionRally.
Here is what is happening today September 24th 2013 in the market,
Confusion over the Fed causes gold to shake Microsoft's plans to spend a lot of money
And lastly , the US is releasing the Conference Board Consumer Confidence rating
Your Profits are starting now
Gold futures swung between small gains and losses, as market players continued to speculate
over the timing of the Federal Reserve's expected reduction in monthly bond purchases. The confusion
started after President James Bullard said last Friday that a small tapering of bond
purchases is "possible" at the Fed's October meeting.
Will a single month be enough to show enough improvement in the dollar for Bernanke? And
if so, how big will the tapering be? Gold closed went from a high of 1329.80 yesterday
down to 1318.40 continuing this morning. For gold trading today, it is recommended considering
a Call option when the price hits 1329.76 and to consider a Put option when the price
hits 1309.87 Microsoft held its Financial Analyst Meeting
last Thursday. While many people expected more information to be revealed after the
meeting, the Redmond based giant did reveal some of their plans for the future. According
to their report, Ballmer focused on the company's financial strength, talent, past innovative
successes and opportunities for growth. He said first they will focus on winning in cloud
services through Office 365 and Azure. Second, they will take steps to ensure that Windows
PCs are still the primary productivity devices used by people. They also announced that they'll
be spending $6.5 billion on capital expenditures in 2014—far more than most were expecting.
Ballmer's plans are supposed to create a turnaround that will take four to five years. Will their
long-term plans keep the stock strong in the short term?
While Microsoft had been as high as 33.64 yesterday, it has since gone down to 32.74
continuing this morning. For MS trading today, it is recommended considering a Call option
when the price hits 32.97 and to consider a Put option when the price hits 32.48
Today in the Market, The US is releasing the Conference Board Consumer Confidence rating.
This measures the level of consumer confidence in economic activity. It is a leading indicator
as it can predict consumer spending, which plays a major role in overall economic activity.
Higher readings point to higher consumer optimism.
A higher than expected reading should be taken as positive for the USD, while a lower than
expected reading should be taken as negative. The forecast is for it to be 79.9
Tune in today at 3:00 GMT and get ready to trade the greenback!
I'm Amy Anderson follow me Monday through Friday right here on my Channel and at Optionrally.com.
See you tomorrow